Assets not Considered for TANF & RRP

Effective 08/01/13, due to the passage of Public Act 98-0114, assets are no longer considered for the TANF and RRP programs for initial or ongoing eligibility determinations. Do not ask a cash applicant about assets or require verification of assets unless the request is based on being aged, blind or disabled (AABD).

Very few persons seeking and receiving TANF or RRP have enough assets to prevent them from receiving benefits when assets are considered. By aligning asset policy with Family Health Plans, we are streamlining the application and redetermination process for both the customer and FCRC staff.

Value of Vehicles not Considered for SNAP

Federal regulations allow for the exemption of vehicles as an asset for SNAP if that asset is exempt under TANF. Since all assets are exempt for TANF, vehicles no longer need to be considered when determining asset eligibility for SNAP under any category of assistance.

Obsolete Type Action Reasons

The following TAR's are obsolete for Categories 00, 04, 06:

TA 11/12, TAR 69 - Other Material Change in Assets

TA 11/12, TAR 72 - Consideration of Resources

TA 05/62, TAR 44 - Value of assets exceeds asset limit

TA 05/62, TAR 87 - Assets, as Verified by Unearned Income Data Match.

TA 81/82, TAR 41 - Excess Assets

Obsolete Item 91 Asset Codes

The following Item 91 asset codes are obsolete for Categories 00, 04, 06. They were centrally deleted from active cases as of 11/15/13.

701 - Liquid assets,

703 - Equity value of all nonexempt assets

704 - Life insurance cash value

705 - Other non-liquid assets

710 - Deferred non-homestead real property

Form Revisions

The following forms are in the process of being revised due to changes in asset policy for TANF and RRP:

Verification of Vehicles for AABD

Assets continue to be considered for the AABD Cash and Medical programs.

Since vehicles are no longer considered as assets for TANF, RRP, or SNAP, the chart at WAG 25-03-07, Average Fair Market Values of Licensed Vehicles, is removed from the manual.

For AABD, accept the customer's statement of the value of vehicles over 5 years old, unless questionable. Verify fair market value of vehicles less than 5 years old. If the only motor vehicle the customer owns is exempt per PM 07-02-05, it is not necessary to verify fair market value.